GMHBA Limited (GMH)
Since 1934, GMHBA has been providing Australians with the right choice for high quality, affordable health insurance. We have established an enviable reputation for providing members with relevant and contemporary selections of hospital and extras covers.
GMHBA is a 100% member based not-for-profit organisation. Our competitive rates ensure that members receive value for money health insurance all year round.
Today, GMHBA provides private health insurance to over 300,000 individuals and families across Australia.
This fund has agreements with some private hospitals or day surgeries to provide services at low or no out-of-pocket costs. You can see Agreement Hospitals for this insurer
This insurer is a mutual organisation that operates on a not-for-profit basis.
GMHBA Limited the Australian Capital Territory, New South Wales Northern Territory Queensland South Australia Tasmania Victoria Western Australia
GMHBA Limited polices are sold under a number of different brands, including:
- Frank Health Insurance
The Private Health Insurance Ombudsman prepares an annual report on the service delivery and performance of Australian health insurers. The following is a selection of statistics about this health insurer - the full report and an explanation of these figures is available from the Ombudsman's website. Please note information is not provided for some insurers in some states, as there are insufficient numbers reported to APRA for states in which the insurer does not have a large membership.
|Benefits as a % of contributions||85%||88%|
|Management expenses (% cont)||12.2%||9.2%|
|Management expenses (average policy)||$445||$343|
|Member retention (%)||71%||81%|
|Hospital Related Charges Covered||78.0%||85.0%||92.0%||87.3%||89.9%||91.1%||91.6%||80.7%|
|Medical Services with No Gaps||55.0%||78.0%||86.9%||81.9%||85.4%||80.0%||74.4%||79.3%|
|Medical Services with No or Known Gaps||78.9%||91.9%||96.7%||93.3%||97.9%||93.6%||86.1%||92.4%|
|General Treatment (extras) Covered||50.4%||52.2%||49.5%||53.2%||52.4%||50.7%||48.0%||52.0%|
|Private Hospital Agreements||5||96||76||51||23||22||5||2|
|Day Hospital Agreements||8||87||69||49||28||21||4||1|
|Share of PHIO complaints compared to insurer market share|